13 Nov 2014
Partner and senior counsel, Bates Wells Braithwaite
Stephen Lloyd was a partner and senior counsel at Bates Wells Braithwaite. He died in August 2014. He had particular expertise in the interface between charities and trading.
He was an author and presenter of numerous articles and seminars, and an adviser to CAF's Venturesome Investment Fund. He was a former chairman of the Charity Law Association and chairman of CaSE, LifeHaus Plc and the Centre for Innovation in Voluntary Action.
Lloyd was instrumental in creating the Community Interest Company legal structure.
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Ian Allsop returned from holiday to find many in the sector already needled by Brooks Newmark. This article was written for Charity Finance magazine, which went to press before Newmark resigned as minister for civil society.
The sector lost a great advocate and friend when Stephen Lloyd was tragically killed in a holiday boating accident in August. In this last article he was to write, he argues for a return to the Charity Commission’s pre-2006 constitutional structure.
Tributes have been pouring in today for charity lawyer Stephen Lloyd, who died in a boating accident in Wales on Wednesday.
A proposal for a general power to make it easier for charities to participate in social investment has received broad support from sector representatives.
If it looks like a duck, walks like a duck and quacks like a duck, does it really matter whether it's labelled as a duck or re-branded as an aquatic avian? Last year The Ark generated £48,500 from trade and £47,500 from grants, so can we call ourselves a social enterprise? Social enterprise is an attitude, not a legal structure.
Charities must practice ‘governance for growth’ and not be afraid of being more commercial, says Stephen Lloyd.
Charities should welcome the proliferation of non-charitable social enterprises because growth in the social enterprise market is the only way to combat the takeover of public services by corporates, according to charity lawyer Stephen Lloyd.
St Andrew’s Healthcare, one of the largest charities in the UK, has been told by commissioners that calling itself a social enterprise will help it win contracts.
The CIC Association has recommended that the individual 20 per cent dividend cap be set against the profit a community interest company makes, rather than pegged to the value of an investor's initial stake.